Armenia: Adopted Collective engagement OECD Crypto-Asset Reporting Framework (CARF)

On 26 November 2024, Singapore, together with 60 other states at the 17th Global Forum Plenary Meeting in Paraguay, committed to implement the Crypto-Asset Reporting Framework (CARF). This framework is designed to facilitate the automatic exchange of tax-relevant information on crypto-assets among the tax authorities of the signatory jurisdictions. The adoption of the CARF and the Addendum to the Common Reporting Standard (CRS), the Multilateral Competent Authority Agreement (MCAA), enables international tax cooperation between the parties.